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  1. “Case Shiller home price data slightly better than expected.”

    Nope. Two month lag. June still enjoyed the effects of reGOVery bailouts, stimulii, particularly $8K credit, and easing. You had to expect decent numbers. August and beyond not so much.

    But, more noticably, my YOY > 0 = bottom theory has FAILED (NY YOY now > 0). I underestimated Wash/Fed intererence. But, as we all know, the reGOVery was temporary relief. None of the problems/bad debt have disappeared. They’ve only gotten worse/larger and continue to hide off balance sheet and from the general public (Barney Frank still has Glock 9 to FASB’s head). Nice bounce but my half off call stands.

    Welcome to the double dip. Fasten your seatbelts.

    ***Bid half off peak comps***

  2. It’s my understanding that food will be available on Thursday night, as they poo-pooed the “PLUSA Meatball Deathmatch.” Had food not been available that night, I don’t think they would have had a problem with us having the meatball face-off.

  3. “Anyone preparing for houseguests this weekend. My Cousin Earl is on his way.”

    Yeah, I picked a great time to go on a cruise (this Saturday). Hoping the boat doesn’t capsize before (or after) we leave.

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